MacDonald Mines Exploration is pleased to announce that the holders of BMK shares have approved the previously announced acquisition of BMK by Canuc Resources pursuant to a plan of arrangement under the Canada Business Corporations Act. At the special meeting of BMK shareholders held on March 31st, an aggregate of 15,947,334 shares were voted in favour of a special resolution approving the Arrangement, representing 99.9 [...]
Canuc Resources and Macdonald Mines would like to update shareholders of Macdonald Mines and provide certain supplemental information with respect to the previously announced transaction with Canuc. The Meeting The special meeting of Company Shareholders is scheduled to be held on March 31, 2025 at 10am to approve a statutory arrangement under section 192 of the Business Corporations Act which involves, among other [...]
MacDonald Mines Exploration is pleased to announce the initial results from 4 drill holes from its drilling program that took place in January 2025 on its 100% owned SPJ Project. The 2025 drilling program was planned in collaboration with Canuc Resources Corporation and consisted of 6 drill holes totaling 815 m that targeted the lenses of gold mineralization associated with the North Pit of the Scadding Gold Deposit. On [...]
Macdonald Mines Exploration and Canuc Resources are pleased to announce, further to their respective press releases dated Dec 3, 2024, they have entered into a definitive arrangement agreement pursuant to which Canuc will acquire all of the issued and outstanding shares of Macdonald Mines. The Transaction is to be completed by way of a plan of arrangement under the provisions of the Canada Business Corporations Act. The [...]
MacDonald Mines Exploration Ltd. is pleased to announce a drilling program that will begin in January 2025 on MacDonald Mines 100% owned SPJ Project, near Sudbury, Ontario. The 2025 drilling program, planned in collaboration with Canuc Resources Corporation , consists of approximately 800 m of drilling that will target the lenses of gold mineralization associated with the North Pit of the Scadding Gold Deposit located on [...]
MacDonald Mines Exploration Ltd. is pleased to announce that it has closed a non-brokered private placement offering for proceeds of $500,000. The Company issued a total of 10,000,000 units at a price of $0.05 per Unit. Each Unit is comprised of one Class A common share in the capital of the Company and one Class A Common Share purchase warrant , with each Warrant being exercisable to acquire one Class A Common Share at a [...]
MacDonald Mines Exploration Ltd. announces a correction to the news release issued earlier today, December 3, 2024, with regards to the signing of a non-binding letter of intent with Canuc Resources Corporation , whereby Canuc will acquire all of the issued and outstanding shares of MacDonald Mines. The amount of aggregate consideration was listed as $3,365,400 but should read $5,040,000. All other details in the news [...]
MacDonald Mines Exploration Ltd. is pleased to announce that it has signed a non-binding letter of intent with Canuc Resources Corporation , whereby Canuc will acquire all of the issued and outstanding shares of MacDonald Mines. The LOI Under the terms of the LOI, Canuc will issue 72,000,000 common shares to the shareholders of MacDonald Mines as consideration, representing approximately $3,365,400 in aggregate value. The [...]
MacDonald Mines Exploration Ltd. , further to its press release of May 25, 2024 , provides an update on the Company's investigations into the reporting inconsistencies in certain drill core assay results from its Scadding Gold Project. The original certificates from the three certified laboratories used during the exploration work at the Scadding Gold Project have now been received and reviewed. This has allowed for the [...]
MacDonald Mines Exploration Ltd. has discovered inconsistencies in certain assay results from the Scadding gold prospect that were previously publicly announced by way of press releases and which may also have been disclosed or used in certain other disclosure documents, such as the National Instrument 43-101 technical report on the Scadding gold project dated October 18, 2019. Accordingly, the company hereby withdraws [...]
MacDonald Mines Exploration Ltd. is pleased to announce the start of a 1,200 meter drill program along the prospective McLaren Lake Fault Zone at the Alwyn Copper-Gold trend , as well as the Glade Gold trend located on MacDonald Mines' 100% owned SPJ Project near Sudbury, Ontario. The Company also reports preliminary mineralogical observations from hole AW-23-106. Drilling Highlights Mineralogical observations from hole [...]
MacDonald Mines Exploration Ltd. is pleased to announce the closing of a non-brokered private placement financing . The Company has issued 6,000,000 flow-through units at a price of $0.05 per FT Unit, with each FT Unit comprised of one Class A common share and one Common Share purchase warrant , each of which qualifies as a "flow-through share" as defined in the Income Tax Act , for proceeds of $300,000. Each Warrant is [...]
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